Germany's Schaeuble: We need to exit current monetary policy in a timely manner

Reuters reports comments from the German finance minister Schaeuble, as he speaks on ECB’s monetary policy program.

Key Headlines:

ECB needs to exit current monetary policy in a timely manner

Should return to a more normal course

US Fed has already begun this process

ECB has weighed some communication that could be seen to point in that direction

Ultra-loose monetary policy in many regions has been encouraging undue risk-taking, policy complacency, capital misallocation and asset price bubbles

We cannot move away from the core rules in fin market stability we agreed on

Cannot afford to forget lessons of the past

London financial marketplace to remain vital